American Airlines Cargo Expands Temperature Controlled Shipping Capabilities

American Airlines Cargo has announced a recent expansion to its solution for transporting temperature-controlled shipments to its entire mainline fleet. This expansion follows a number of tests and trials conducted in partnership with CSafe Global and CargoSense. Through the use of CSafe Global’s packaging and Temperature Loggers provided by CargoSense, American proved all of its aircraft offer ideal environments for passive temperature-sensitive shipments. The trials allow American to nearly double its capacity for handling ExpediteTC solutions and extend the airline’s cold-chain solution network to 30 new stations, including cities like Cincinnati, Memphis and Pittsburgh.

“When it comes to cold chain shipments, reliability is crucial for our customers,” said Roger Samways, Vice President of Commercial for American Airlines Cargo. “By expanding our offering of temperature-critical shipping on all mainline flights, we are able to provide our customers with access to more than 180 markets, marking the largest cold-chain network in our history.”

American, CSafe Global and CargoSense placed sensors into passive cold chain packaging for the trials. The sensors monitored internal package temperatures while aircraft operated in a variety of climates. Results proved that temperatures of each package stayed constant, despite changing conditions during transit.

“It was a privilege to work with American to conduct these trials and leverage our innovative thermal shipping solution technologies to ensure even more temperature-critical shipments can travel effectively,” said Tom Weir, CSafe Global COO. “Many sensitive, often life-saving goods travel the world thanks to effective cold-chain networks, and we are proud to play a part in that alongside American Airlines.”

“When American Airlines presented us with the opportunity to help demonstrate the efficacy of their fleet for the transportation of pharma products, we worked to quickly provide them with validated sensors, our state-of-the-art logistics visibility software platform, and custom analytics needed to show their reliability in real-world scenarios,” said Rich Kilmer, CEO of CargoSense. “We are excited the pharmaceutical industry can now leverage American’s full fleet at a time that is critical for all of us.”

About American Airlines Cargo

American Airlines Cargo provides one of the largest cargo networks in the world with cargo terminals and interline connections across the globe. Every day, American transports cargo between major cities in the United States, Europe, Canada, Mexico, the Caribbean, Latin America and Asia.

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Collinson stringe una partnership con Alibaba Fliggy per rendere ancora più interessante l’esperienza di viaggio per i fedeli soci della piattaforma

HONG KONG–(BUSINESS WIRE)–Collinson, un leader mondiale nel settore dell’assistenza medica e delle esperienze per i viaggiatori, e gestore e operatore del programma Priority Pass per gli aeroporti, annuncia una partnership strategica con Fliggy, la piattaforma di viaggio di proprietà di Alibaba Group, finalizzato a offrire accesso alle sale d’aspetto in Cina ai soci di livello premium della piattaforma a partire dal 21 aprile 2021.

Il testo originale del presente annuncio, redatto nella lingua di partenza, è la versione ufficiale che fa fede. Le traduzioni sono offerte unicamente per comodità del lettore e devono rinviare al testo in lingua originale, che è l’unico giuridicamente valido.

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Our Man in Shanghai: Huobi looks to become Grayscale of Asia, Yao Ming’s NFT wine, and Chinese crypto investors go to the dogs

Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major institutional investors into the space with a product that feels familiar. The fund and asset management company is set up in Hong Kong, even though Huobi maintains several offices within the mainland. Huobi is China’s most established exchange and ranks second on the global liquidity rankings behind Binance.

DOGEmania continues

High volumes and volatility continued on the world’s most popular memecoin. On April 28th, searches on WeChat for the Chinese version of ‘Dog-coin’ were up over 65% from the previous day. Shiba, another dog-themed memecoin, was also popular with Chinese exchanges MXC, Gate, Hotbit, LBank and Hoo. These five claimed the top spots for centralized exchanges by volume on April 29th. This suggests that Chinese investors are less attracted to fundamentals and continuing to invest in a more trend-based manner.

Yao Ming takes a shot at NFTs

The winery founded by retired Chinese basketball star Yao Ming released an exclusive wine paired with an NFT. Yao Family Wines released 200 limited edition bottles in a series named The Chop. This is a reference to historic stone seals, known as chops, that were used on official Chinese documents or pieces of art. The NFTs are now being traded on OpenSea for between 0.2-0.5 ETH. Yao Ming is currently an executive in the Chinese Basketball Association and is well known for his humanitarian work off the court.

Crypto projects wriggle off the hook

After five proposed class action lawsuits against crypto companies were dismissed in New York federal courts, a number of blockchain projects, including Tron, will be sleeping a little easier. The five dismissed cases were initially filed by plaintiffs upset about misleading investors, engaging in market manipulation and the sale of digital assets that were allegedly unlicensed securities. Cases against Binance, Kucoin, and Tron have yet to be dismissed but considering the similarities, it seems they have a good shot at dismissal too. Tron has a mixed perception in China, where Chinese co-founder Justin Sun has raised more than a few eyebrows with his heavy handed approach to marketing.

Digital China Summit and the digital yuan

On April 25-26, many of China’s largest corporations and organizations came together to discuss the topic of digitalization. E-commerce giant JD.com announced it had been paying some of their staff salaries with DCEP, China’s central bank digital currency. The firm also announced it uses the technology for select business-to-business payments. JD.com, which is similar to Amazon, is no stranger to blockchain and digital currencies. It maintains a blockchain division that is responsible for a number of projects related to supply chain management and food safety.

At the summit, Ant Finance revealed that a number of private companies had been supporting the government-led project. Ant Group and Tencent, the companies that own the two largest private payment processors in the country, are included in the project. Also named was smartphone and 5G technology provider Huawei. This won’t be a major surprise, as private companies will be eager to act in solidarity with the national policies. However, it does potentially lay a clear path to market for the digital yuan if it can be integrated into the country’s most popular apps and products.

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.

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Binance Coin, Polkadot, Uniswap Price Analysis: 29 April

While Bitcoin and Ethereum reflect a highly volatile market ridden with sudden pumps and drastic dumps, Binance Coin [BNB] market handled the overall volatility by registering a stable surge.

At the press time, BNB was increased by 7% in nine hours and was currently trading at $595.44. Meanwhile, other altcoins like Polkadot [DOT] and Uniswap [UNI] were also seen consolidating at a higher trading range.

Binance Coin [BNB]

Source: BNBUSD on TradingView

The above chart suggested that BNB hit resistance at $614 after which it retraced. The value dropped to $593 as selling pressure saw a marked increase. This pressure opened the market to a lot more volatility as the price continued its descent.

The surging price pushed BNB into the overbought zone without any correction. This unstable market thus hit an inflection point to acquire a sturdy price level and dropped. Relative strength index dropped under the overbought zone and was now at 60. Meanwhile, selling pressure was pushing money out of the market, as indicated by the dropping value of Chaikin Money Flow.

Polkadot [DOT]

Source: DOTUSD on TradingView

Polkadot market was witnessing a long consolidation period between $33 and 34. However, the restricted price movement was giving rise to a bearish trend in the market. This was indicated by the signal line that remained intertwined with the candlesticks for the past day.

This also hinted towards a market at an equilibrium state where the buying and the selling pressures were evening each other out. This was confirmed by relative strength index which was at 49. Given the low price activity, momentum was dropping and may continue down this path over the next few trading sessions.

Uniswap [UNI]

Source: UNIUSD on TradingView

Uniswap market also had a period of sharp growth before giving into consolidation. It increased from $29.85 to $42.69 within three days and then continued to trade above this level. At press time, it was testing this support, and breaching it could lead to a reactive price correction.

This was also highlighted by the falling value of the relative strength index. Until the run-up, RSI remained close to being overbought but as the price consolidated, selling pressure began to rise. The value of RSI had moved past equilibrium and was currently heading to the oversold zone. MACD line remained under the signal line and the growing distance between the two suggested increasing bearishness in the UNI market.

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DXP Sets Date for 2021 First Quarter Earnings Release and Conference Call

HOUSTON–(BUSINESS WIRE)–DXP Enterprises, Inc. (NASDAQ:DXPE), a leading products and service distributor that adds value and total cost savings solutions to MRO and OEM customers in virtually every industry, plans to issue a press release announcing its financial results for the first quarter ended March 31, 2021, on Friday, May 7^th. The announcement will be released before the market opens. DXP will host a conference call, to be web cast live, on the Company’s website (www.dxpe.com) at 10:30 A.M. Central Time on that same day.

The call and an accompanying slide presentation will be on the “Investor Relations” section of DXP’s website at www.dxpe.com. A replay of the webcast will be available shortly after the conclusion of the presentation.

DXP’s earnings press release, the slides and other related presentation materials will be posted to the “Investor Relations” section of DXP’s website under the subheading “Financial Information” after the market closes on the date prior to the earnings call and will remain available following the call.

Web participants are encouraged to go to the Company’s website (www.dxpe.com) at least 15 minutes prior to the start of the call to register, download and install any necessary audio software.

The Private Securities Litigation Reform Act of 1995 provides a “safe-harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. For more information, review the Company’s filings with the Securities and Exchange Commission.

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XRP, Litecoin, Dogecoin Price Analysis: 29 April

The altcoin market has been able to hold on to its bullish momentum, taking into consideration the volatility present in the Ethereum market. XRP has been one such alt that witnessed 46% growth in the past three days. Meanwhile, Bitcoin’s bearish volatility has forced other alts to consolidate.

XRP

Source: XRPUSD on TradingView

The XRP chart showed the asset’s run from $0.9414 to $1.44 over the course of two days. However, $1.44 was a tough resistance to crack and XRP began consolidating above $1.32. At the time of press, the digital asset was trading at $1.38 with the 50 moving average as the support.

With Bollinger bands converging so close to the price, volatility has left the XRP market. The price has been moving within the narrow bands and has reached a point of equilibrium. Relative strength index showed that the buying and the selling pressures were evened out and that traders were holding on to the current price level. As money flowed into the XRP market, it remained fairly bullish.

Litecoin [LTC]

Source: LTCUSD on TradingView

The Litecoin market was also moving within a tight trading range between $250 and $260. The altcoin dropped from a local peak of $267 and began moving within this $10 range. At the time of press, volatility was rising in the Litecoin market even as it continued to trade at $256.

Meanwhile, the strength of buyers and sellers were equal as suggested by the relative strength index. The indicator was currently at 52, but the momentum was still was reducing. Litecoin may continue to trade within this range over the next few trading sessions.

Dogecoin [DOGE]

Source: DOGEUSD on TradingView

DOGE price once again saw a sudden boost on 28 April when its price climbed 31% within four hours. The price peaked at $0.3355 and was followed by a 12% correction. Despite the sudden pump and drop, the asset maintained a value above $0.3003 and was currently trading at $0.3075.

DOGE’s market also appeared to be stable as RSI maintained a value of 49. However, its market was turning increasingly bearish as MACD line dropped under the signal line after the price tested resistance at $0.3270. With strong support, DOGE may continue its sideways movement.

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Air Lease Corporation Increases Senior Unsecured Revolving Credit Facility to $6.4 Billion

LOS ANGELES–(BUSINESS WIRE)–Air Lease Corporation (NYSE: AL) amended and extended its senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent whereby the Company extended the maturity date of the facility from May 5, 2023 to May 5, 2025 and increased the total revolving commitments to approximately $6.4 billion from $6.2 billion, across 50 financial institutions. The senior unsecured revolving credit facility remains priced at LIBOR plus 105 basis points with a 20 basis point facility fee, each subject to adjustments based on changes in the Company’s credit ratings.

“We are pleased to announce the extension of our senior unsecured revolving credit facility by two years to 2025 and upsize of the facility to $6.4 billion, a more than 35% increase since the beginning of 2019,” said Gregory B. Willis, Executive Vice President and Chief Financial Officer of Air Lease Corporation. “The success of this facility is reflective of ALC’s investment grade credit metrics and the strength of our platform, and we appreciate the ongoing support of our lender group. This facility remains a foundational aspect of ALC’s funding strategy, providing us with a highly cost efficient and flexible financing tool to drive value for our shareholders.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation (NYSE: AL)

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. ALC routinely posts information that may be important to investors in the “Investors” section of ALC’s website at www.airleasecorp.com. Investors and potential investors are encouraged to consult the ALC website regularly for important information about ALC. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

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